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Codere, a step nearer to gaining an internet Gaming Licence within the Metropolis of Buenos Aires

Madrid, October 21, 2020 – The Authorities of the Metropolis of Buenos Aires, via its gaming administration physique LOTBA (Lottery of the Metropolis of Buenos Aires) has permitted the Program for the Implementation of the On-line Sport Platform introduced by Codere (which incorporates its implementation and execution plans). This essential milestone is step one within the means of acquiring the license that may permit the corporate’s on-line gaming provide on this jurisdiction, being Codere the primary firm to realize this advance.

A fancy and strategic step within the enlargement of the web enterprise 

The authorization course of within the metropolis of Buenos Aires was opened on February 20th and, since then, a multidisciplinary workforce from Grupo Codere, led by the regional workforce of Argentina (compliance, authorized, monetary…), along with the Platforms space and the On-line division, began to work on the preparation of the challenge with nice duty and in the course of the advanced context of well being disaster, presenting their proposal initially of Might.

For Codere, it’s particularly essential to have achieved this primary milestone for acquiring the license within the Metropolis of Buenos Aires, one of many essential jurisdictions and with larger potential within the nation, being the primary firm to realize it of all people who have utilized.

Within the phrases of Bernardo Chena, regional supervisor of Codere Latin America (excluding Mexico), “this milestone highlights the power of the group, the standard of its provide and the viability of Codere’s on-line enlargement challenge in Latin America”.

It ought to be famous that the regulatory framework within the metropolis of Buenos Aires responds to probably the most superior worldwide requirements in relation to accountable playing, participant ensures and safety of weak teams; an ideal match with the targets that Codere Group is selling in all of the nations the place it operates.

Subsequent steps

The following step within the course of requires the execution of the operational duties essential for the manufacturing of the methods, growth and integration of sure parts of the platform, permitting the advertising and/or distribution of the web video games included within the permitted utility – duties on which the devoted workforce is already working.

Because of this essential step, Codere boosts its exercise in Argentina, the place it began its exercise practically 30 years in the past and is at present the most important operator of gaming rooms within the Province of Buenos Aires, with the operation of 13 rooms and greater than 6,850 machines. That is an advance with which the corporate can be selling its technique to broaden its on-line enterprise in Latin America, the place the group already operates in Mexico, Colombia, Uruguay and Panama, providing a large portfolio of services tailored to every market, with the intention of turning into one of many main corporations within the area.//

About Codere

Codere is a gaming operator, a global benchmark, with a presence in seven European nations – Spain and Italy – and Latin America – Argentina, Mexico, Panama, Colombia and Uruguay – which operates greater than 57,000 machines, practically 30,000 bingo stations and eight,500 sports activities betting terminals in Latin America, Spain and Italy via factors of sale that embrace 148 gaming halls, 1,200 arcades, practically 9,200 bars, 245 betting rooms and 4 racetracks. The corporate additionally develops on-line gaming. www.grupocodere.com  

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